An economist is an expert who studies the relationship between a society’s resources and its production or output, using a number of different indicators, in order to predict future trends.

Some economists study the cost of products, healthcare, or energy, while others examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates to calculate the national income of the country.

Most of the renowned and multinational banks/ companies require a PhD degree in economics.  

Some MNCs also ask for an internship and a few years of professional experience in the respective field of economics. 

To become an economist in Reserve Bank of India candidates have to apply for Department of Economic Analysis and Policy.

How to become an economist?

Steps to become an economist

Earns bachelor’s degree

Earns Master’s degree

Complete an internship 

 gain some experience

Consider Ph.D. (Optional)

Minimum Education

Most economists need a master’s degree or Ph.D. However, some entry-level job primarily in the federal governmentAre available for workers with a bachelor’s degree.

Degrees

Bachelor in economics

Master in economics

Pgdm in economics

Diploma in economics

PhD in economics

Salary

Economists have a wide spectrum of pay. The top ten percent earn $172,580 (and up) per year, while the lowest ten percent earn just $56,400 (or less) per year.